KUALA LUMPUR (July 7): theedgemarkets.com has highlighted 15 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks displayed positive momentum, while 13 showed negative momentum.
The stocks with positive momentum were:
AHB Holdings Bhd — rose two sen or 25% at 10 sen
Nova MSC Bhd — rose 1.5 sen or 27.27% at seven sen
The stocks with negative momentum were:
Comfort Gloves Bhd — down 13 sen or 3.47% at RM3.47
DGB Asia Bhd — up half a sen or 16.67% at 3.5 sen
JCY International Bhd — up two sen or 5.71% at 37 sen
Kejuruteraan Asastera Bhd — up 8.5 sen or 8.63% at RM1.07
KUB Malaysia Bhd — up six sen or 9.84% at 67 sen
Media Prima Bhd — up half a sen or 3.23% at 16 sen
Mega Sun City Holdings Bhd — down half a sen or 3.85% at 12.5 sen
Meridian Bhd — up one sen or 11.11% at 10 sen
MQ Technology Bhd — up one sen or 18.18% at 6.5 sen
Securemetric Bhd — up half a sen or 4% at 13 sen
Ta Win Holdings Bhd — up 1.5 sen or 15% at 11.5 sen
ViTrox Corp Bhd — up 74 sen or 7.71% at RM10.34
Zelan Bhd — up half a sen or 7.69% at seven sen
The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.
This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher-than-normal volume and price movements.
The share price may move up or down from this point. But the "+ve" (suggesting a rising price trend on volume) and "-ve" (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.
However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.